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the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] but i know this bothers you. the vice president throws numbers out there that the rich are getting over $1 trillion from view. that never seems out of left field but resonates better they got tired of talking about millionaires and billionaires. >> i am spectacular the perplexed by joseph biden. at least the is consistent. this is simply incorrect if the administration believes by raising taxes we can get ourselves into solvency, he is simply incorrect. mitt romney talking about the tax issues how to back out of this situation was awesome. >> i don't know if they believe this helps economically with us verses them redressing the wrongs for those who benefited the most until four years ago. >> we have seen this obama's touting the buffer role with the minimum tax for mi
the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] but i know this bothers you. the vice president throws numbers out there that the rich are getting over $1 trillion from view. that never seems out of left field but resonates...
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Oct 3, 2012
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lowest corporate taxes or among the highest corporate taxes in america? >> i'm -- >> highest corporate taxes in america right now, right? >> highest corporate tax rate in the world right now. >> it's not that much higher than our competitors. in fact, it's lower than many competitors. stop talking about the rates. >> that's not true. >> we know it's mislead. it's effective tax burden on corporations, which is well in line with our european and asian competitors. >> isn't it true that small businesses, which of course as we all know are the real creators of jobs, will pay the ordinary income tax? if you're going to raise ordinary income tax on people making more than $200,000, that's going to hit small businesses and choke off that part of the job creation. >> that's right, maria. the top individual tax rate have a huge amount of small business income. if romney would cut the top individual rate from 35 to 25%, for example -- >> which would help small business. >> small businesses would be benefitted by that. >> bill, that's something john thain said, the
lowest corporate taxes or among the highest corporate taxes in america? >> i'm -- >> highest corporate taxes in america right now, right? >> highest corporate tax rate in the world right now. >> it's not that much higher than our competitors. in fact, it's lower than many competitors. stop talking about the rates. >> that's not true. >> we know it's mislead. it's effective tax burden on corporations, which is well in line with our european and asian...
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Oct 9, 2012
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and they're going to see higher taxes. that's a lump of coal for any anniversary. rather than focus on the negatives in alcoa, focus on the fact they have asian exposure, european exposure. focus on the positives. financial engineering is back in this market. some of the parts for a company like alcoa exceed the value. >> you're making excuses for alcoa even before the ceo comes on. i like that. bob, what do you make of the action? put it in perspective, five years compared to now. >> the dow jones industrial average went from 1500 to 750. that was cut in half. that certainly was a disaster. >> you mean the s&p? >> the s&p, excuse me, bill. nonetheless, bottom line is holding on from that point to here, you can say, yeah, does buy and hold still work? that's what everybody's interested in. i think the evidence is it certainly does, but you have to have long periods of time to look at it. i'm not so impressed that we're not anywhere where we were 12 years ago. if you invested on a regular basis from now through the bottom, i think you'll find you have not done so ba
and they're going to see higher taxes. that's a lump of coal for any anniversary. rather than focus on the negatives in alcoa, focus on the fact they have asian exposure, european exposure. focus on the positives. financial engineering is back in this market. some of the parts for a company like alcoa exceed the value. >> you're making excuses for alcoa even before the ceo comes on. i like that. bob, what do you make of the action? put it in perspective, five years compared to now....
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there's a certain amount of uncertainty going into the election, obviously, zero interest rates, tax code changes imminent at some time, and a global market looking reasonably unsteady. if you think about the advisor view, it's a long one. they give assurance to their clients but we're finding all-time lows in the assurance they're going to need to provide to clients. we're seeing client advisors, and advisors tightly aligning around the long term plan. it's a little more bullish than the bearish sentiment we've been seeing. >> susie: meanwhile, in this period of upcertainly, take a look at what some of the investment choices have been, saying less money, and small cap stocks going into etfs, real estate and cash. what are your thoughts on this? >> the advisors are keenly focused on providing liquidity and transparency for clients. at the same time they're doing that, they need to bring a little more income into the portfolio. so you're starting to see alternatives. register alternatives, and real estate investment trusts. >> this is the first time since we've been doing the survey w
there's a certain amount of uncertainty going into the election, obviously, zero interest rates, tax code changes imminent at some time, and a global market looking reasonably unsteady. if you think about the advisor view, it's a long one. they give assurance to their clients but we're finding all-time lows in the assurance they're going to need to provide to clients. we're seeing client advisors, and advisors tightly aligning around the long term plan. it's a little more bullish than the...
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bring us along the same path that led to the economic disaster in two thousand and eight with shields tax cuts for the wealthy i'm normal stuff assists low employment rates and president obama has a pathetic record he's the only president that has presided over three years of unemployment of over eight percent should absolutely can be changed we know that that's what the american people want it's simply that we don't have those elected to office that are willing to take on the special interest political cartoonist and columnist have raul says americans are seeking a new policy vision for the nation. it's very hard to tell to see how mitt romney can overcome the lead in the key swing states that obama currently enjoys which considering the state of the economy over the last four years is say something about the ineptitude of the romney campaign now that said he did outperform expectations last night and you know he is still in the game if he continues to surge and does better in the future debates it's possible that despite vote will be able to turn against obama and go for romney you know
bring us along the same path that led to the economic disaster in two thousand and eight with shields tax cuts for the wealthy i'm normal stuff assists low employment rates and president obama has a pathetic record he's the only president that has presided over three years of unemployment of over eight percent should absolutely can be changed we know that that's what the american people want it's simply that we don't have those elected to office that are willing to take on the special interest...
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Oct 10, 2012
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the tax breaks are amazing. the question everyone will be asking -- do billionaires pay $90 million for an apartment really need a tax break? a tax break aimed at low income folks? we'll dive into that issue next on "power lunch." [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. w
the tax breaks are amazing. the question everyone will be asking -- do billionaires pay $90 million for an apartment really need a tax break? a tax break aimed at low income folks? we'll dive into that issue next on "power lunch." [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade....
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this year the tax is in place. airlines aren't going to see that. david: okay. >> so we'll see jetblue miss. we have two bold estimates on the negative side. these are the best rated analysts that are below the estimate. david: we have to do this quickly because we're running out of time. final loser, the final one that will disappoint on expectations natural resources company called cliffs. they actually had a 6% bump their stock, so you're going against the trend? >> we are. in fact they also have analysts that are far below the consensus. the smart estimate is 10 cents below the consensus estimate. that says the best analysts and latest --. david: so people aren't confused out there. you see green arrows and plus signs. sri is saying no, this will disappoint. even though up today a big disappointment in earnings. >> over last two years they have been spending a lot on cap-ex. they have been expanding capacity. iron ore from china is way down. that will affect iron ore prices that has been brought down 60%. liz: you're starting to see china put in
this year the tax is in place. airlines aren't going to see that. david: okay. >> so we'll see jetblue miss. we have two bold estimates on the negative side. these are the best rated analysts that are below the estimate. david: we have to do this quickly because we're running out of time. final loser, the final one that will disappoint on expectations natural resources company called cliffs. they actually had a 6% bump their stock, so you're going against the trend? >> we are. in...
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Oct 3, 2012
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they are focused on new tax, on capital gains basically, wants the capital gain to be taxed at the same level as salaries and that's the problem for young entrepreneurs because when you create a small company, you don't pay yourself a huge salary, and the only way to make money out of it, to be rewarded for your hard work is to resale your company some years later, if it's successful, of course. and in that case, if you sell your internet company for perhaps ten million euros, you will have to pay up to 60% in taxes. that's their own calculations. that's to compare with 32% right now. that's the reason why they've created this movement on the internet. 23,000 fans on facebook, more than 5,000 followers on twitter. i'm not sure they're going to convince the government, but at least they managed to put the debate on the table. >> thank you very much. >>> elsewhere, ag bar has been ground an extension on their major talks. the u.s. takeover panel has given the two companies until the end of the month to decide on a potential 1.3 billion pound tie-up. meanwhile, another deadline also looms
they are focused on new tax, on capital gains basically, wants the capital gain to be taxed at the same level as salaries and that's the problem for young entrepreneurs because when you create a small company, you don't pay yourself a huge salary, and the only way to make money out of it, to be rewarded for your hard work is to resale your company some years later, if it's successful, of course. and in that case, if you sell your internet company for perhaps ten million euros, you will have to...
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it is taxing or legislating against the stuff that has absolutely no benefit to anyone and so cancel voters is a good example. i think the point that ms. godfrey made about intent is the point. >> there is no intent to trade stocks at 4% of the entire trading volume and last week not a single trade was executed. >> i agree. >> one thing about this and i think our guests will confirm this, there are only a certain number of algorithms in the world. i think you agree most are similar in intent, basically designed to scalp pennies in microseconds. there are only so many different kinds. i don't know if that's the point. the question is what can we do to eliminate the evil or bad side of what's going on here which i agree is a problem? >> bob, thanks. amon to you as well and all of you guys. >> real quickly, talking about regulation and talking about measures in the marketplace and the most simplistic and proven throughout the ages is finances, the cost of business. raise the cost of doing business just like driving on a highway. you go too fast, you get a ticket. same thing in the marke
it is taxing or legislating against the stuff that has absolutely no benefit to anyone and so cancel voters is a good example. i think the point that ms. godfrey made about intent is the point. >> there is no intent to trade stocks at 4% of the entire trading volume and last week not a single trade was executed. >> i agree. >> one thing about this and i think our guests will confirm this, there are only a certain number of algorithms in the world. i think you agree most are...
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what do the candidates need to to do and what would a $17,000 tax deduction limit mean for you, for voters. and where to find the bargains, yes, bargains in the private skret mjet market. it's at the top of the hour. >>> the barefoot economic summit is under way. some of the world's top asset managers and investors convening. david faber is there and joins us now with another exclusive interview. a beautiful backdrop, david. >> $6 billion long short equity hedge fund. but like a the lot of the participants, we'll start out on the macro. >> sure. >> you have been watching the velocity of money. maybe something people go what are you talking about. but we know the fed is printing a lot of money. the question is it actually changing hands. >> right. did anything show up in your bank account? >> notrecently. >> mine neither. i mean, it's -- what i think is happening in the economy is that we're going through a deleveraging process. if you look at the velocity of money, you see that the chart looks like we're still in recession. it was -- there was a blip up in '09 as qe1 sort of had some impac
what do the candidates need to to do and what would a $17,000 tax deduction limit mean for you, for voters. and where to find the bargains, yes, bargains in the private skret mjet market. it's at the top of the hour. >>> the barefoot economic summit is under way. some of the world's top asset managers and investors convening. david faber is there and joins us now with another exclusive interview. a beautiful backdrop, david. >> $6 billion long short equity hedge fund. but like a...
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Oct 9, 2012
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he stood up on stage during the debate and promised that his tax cuts would include top one percent. but most of the economist who crunch the numbers show that governor romanies plan would blow up3 is outside aware of the president is waking up at. here we are at 6:37 a.m. he is scheduled to leave that 9:25 a.m.. we have three hours in between so he will have breakfast and then he will start to get on the move and then we can see traffic being affected. he is headed to all high heel to campaign there. mitt romney will be joining him in ohio. and remember there is the vice-president debate on thursday and the next presidential debate is for october the 16th. you can watch to both of them on comcast channel 193. >> apple is responding to a flair that is coming up on owners of the new iphone 5. apple states that the affair has been an issue for all owners of the iphone not just iphone 5. apple states that you should not point your phone in the areas of bright light. >> ithe electric cars may not be good for the environment. the factories that make electric cars may actually put more tox
he stood up on stage during the debate and promised that his tax cuts would include top one percent. but most of the economist who crunch the numbers show that governor romanies plan would blow up3 is outside aware of the president is waking up at. here we are at 6:37 a.m. he is scheduled to leave that 9:25 a.m.. we have three hours in between so he will have breakfast and then he will start to get on the move and then we can see traffic being affected. he is headed to all high heel to campaign...
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they want to know their tax base is going to be for next year. they want to know what capital gains rates are going to be. you know, all those things. do you think that really is what could end the log jam for a lot of small investors out there to get them back into the market again? >> i think that would certainly help. i think we will get through this election with a lot of uncertainty. just on the oh side of the election, it seems likely that everybody's incentives will change and congress will go to work on some of the worst parts of the fiscal cliff. i think that could engender a lot of confidence and some re-entry by retail investors. >> all right, dick. good to see you. thank you for joining us. have a good conference tomorrow. >> thank you very much. >> you got it. >> we'll see you soon, dick. >> head of janus. all right, heading toward the close here. 18 minutes left. we're coming off the lows, down 48 points on the dow. >> remember when president obama said this -- >> somebody helped to create this unbelievable american system that we h
they want to know their tax base is going to be for next year. they want to know what capital gains rates are going to be. you know, all those things. do you think that really is what could end the log jam for a lot of small investors out there to get them back into the market again? >> i think that would certainly help. i think we will get through this election with a lot of uncertainty. just on the oh side of the election, it seems likely that everybody's incentives will change and...
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here is david segal talking about taxes on effect of hiring at hits company. here is david siegel. >> with the new obamacare coming in and now the threat of higher taxes, it just means less money to expand our business. i wanted my employees to be informed as to what the results could be of them both, voting for the wrong candidate. >> more part-time jobs coming into the economy. here is dart den restaurants. considering more part-time jobs to address health reform costs. telling fox business the law is so rigid there is no flexibility in it at all. hear is the deal, hear is the bottom line. basically the high cost of affordable care. if you work 30 hours a week you are supposed to be getting health insurance. if you go below 30 hours you don't get health insurance. if the company doesn't provide you 30 hours a week, the company pay as fine of 3 tow per worker. the incentive to drop below the 30 hour per week water mark. the problem these companies, restaurants like darden which owns olive garden and longhorn steakhouse, they were providing cheap health care c
here is david segal talking about taxes on effect of hiring at hits company. here is david siegel. >> with the new obamacare coming in and now the threat of higher taxes, it just means less money to expand our business. i wanted my employees to be informed as to what the results could be of them both, voting for the wrong candidate. >> more part-time jobs coming into the economy. here is dart den restaurants. considering more part-time jobs to address health reform costs. telling...
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del reading from citigroup on your tax stocks is not a good day. hewlett-packard was initiated, the price target of $13.50. still has room to go to the downside and initiated with a cell and citigroup and the price target $8.50 so that would be another dollar lower than where it is and then there is in tel downgrading, bernstein downgraded to underperform from a market performer and also the new price target, $26 from $32. still higher from where it is but the attack is the group waiting today. the nasdaq composite down 1.3%. liz: i am wearing silver hoops to night, not gold. it has been a wild ride. gold is up more than 450% over the past ten years. an incredible performer. gold has extended losses into a third day and these trends are indicators of -- let's ask my next guest who thinks the bubble is ready to burst. he says gold will sink on your screen to $700 in five years. jacobs is the director -- 1,066 right now. he is director and chief investment strategist at chartres profit capital. on the gold bugs all over you? >> when you make a predic
del reading from citigroup on your tax stocks is not a good day. hewlett-packard was initiated, the price target of $13.50. still has room to go to the downside and initiated with a cell and citigroup and the price target $8.50 so that would be another dollar lower than where it is and then there is in tel downgrading, bernstein downgraded to underperform from a market performer and also the new price target, $26 from $32. still higher from where it is but the attack is the group waiting today....
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they have to take the carpet tax up before the carbon tax. >> i gotcha. >> the carpet tax. >> animal crackers? >> no, no. >> duck soup? oh, man, is that terrible. >> part of the imf forecast, jim, bringing the numbers down for the global economy has been austerity does not work. >> it doesn't work. but that's paul crudeman who says it. i pet you paul crudeman believes in the 7.8 number, the big phony number. i bet you crudeman believes in it. how is that the focus of the discourse? i'm trying to make it alcoa. look, the imf is saying the obvious. the world bank is saying the obvious. if you continue to call for austerity you can't get growth. it's like, look, you want growth or want austerity. lyndon johnson, guns and butter equals inflation. if you just -- they are not doing guns or butter. if they are not doing margarine, they aren't doing machine guns. >> then you start again but they can't do that. >> we are devalued better than they are devalued. >> you would think we would be but the dollar is much stronger given anticipation of where rates are. >> true enough. stock specific s
they have to take the carpet tax up before the carbon tax. >> i gotcha. >> the carpet tax. >> animal crackers? >> no, no. >> duck soup? oh, man, is that terrible. >> part of the imf forecast, jim, bringing the numbers down for the global economy has been austerity does not work. >> it doesn't work. but that's paul crudeman who says it. i pet you paul crudeman believes in the 7.8 number, the big phony number. i bet you crudeman believes in it. how is...
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a lot of tax got downgraded today. i also wanted to take a look at a long-term chart of the dow versus the s&p 500 over five years. five years ago, the dow and s&p 500 actually hit the record. the dow closed up 14,164. a lot of the bulls out there would like to see that right now. the s&p closed at 1545. the dow is down 4% from that peak in the s&p down about 7%. as far as the major market averages, business sentiment from small businesses. it fell for the fourth time in five months since september. some of the analysts calls that we have seen on the tech stock, including ibm, hewlett-packard, dell, most of them were downgraded. some of the tech names coming under pressure today. back to you. tracy: thank you. a new reading on american small business sentiment. raising new fears about recession. elizabeth macdonald here with. >> bottom line. >> they should sit up and take notice. it is a confidence index. basically since 1980, firms less than five years old, created all net new jobs in this country. here is dan danner.
a lot of tax got downgraded today. i also wanted to take a look at a long-term chart of the dow versus the s&p 500 over five years. five years ago, the dow and s&p 500 actually hit the record. the dow closed up 14,164. a lot of the bulls out there would like to see that right now. the s&p closed at 1545. the dow is down 4% from that peak in the s&p down about 7%. as far as the major market averages, business sentiment from small businesses. it fell for the fourth time in five...
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, an efficient tax system. it's a far more efficient tax system. so it gets the huge waste in churn, i call fixing costs in our society from a bad tax system, a polluted legal system, uncertainty around things. so, yeah, i think you would have had better growth. and i think it was 4 for 1 or whatever it was. but close enough would have been good enough. doesn't have to be exactly right. if it gets growth going again, remember, growth will pay for a lot once we have growth starting again. >> let's talk about growth. the united states is -- has been now for several years growing at roughly half, what you might call the modern historic rate of economic growth. instead of growing in the mid threes, growing in fiscal '02, giver or take. if you were in a position to more broadly make the case publicly. here are the things we ought to do in order to generate double the rate of economic growth at 3.5%. one would be a comprehensive budget deal like you just mentioned. what else would be on jamie dimon's list? >> let me
, an efficient tax system. it's a far more efficient tax system. so it gets the huge waste in churn, i call fixing costs in our society from a bad tax system, a polluted legal system, uncertainty around things. so, yeah, i think you would have had better growth. and i think it was 4 for 1 or whatever it was. but close enough would have been good enough. doesn't have to be exactly right. if it gets growth going again, remember, growth will pay for a lot once we have growth starting again....
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get the tax cuts out there. i want the tax cuts. >> we were just talking to john taylor. i asked whether or not he believed romney was being specific enough about the economic plan because thought is the knock he has been getting and professor taylor said he has been extremely specific. do you think this campaign can gain traction and win this thing if they believe they are specific enough with their plans. >> john taylor is a great american and one of my heroes and mentors. i don't think they are quite as specific as they could. you know how to sell something. you want to sell something. if one of your great panelists has a stock or a position or an idea you got to sell it. not just once. you don't whisper it. covering several shows. you have to sell the thing. second point talk about middle class take home pay going up. joe biden was up. the middle class income has been buried. and third here is the tricky point. i don't want to see the tax deductions taken away from the middle class. i want it removed for the upper income people because they are going for 35 to 28%. th
get the tax cuts out there. i want the tax cuts. >> we were just talking to john taylor. i asked whether or not he believed romney was being specific enough about the economic plan because thought is the knock he has been getting and professor taylor said he has been extremely specific. do you think this campaign can gain traction and win this thing if they believe they are specific enough with their plans. >> john taylor is a great american and one of my heroes and mentors. i don't...
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why i see that as not really much -- >> might taxes pay for an awful lot of things that i opposed. [applause] >> just to be clear, the position is that the institution's money does not go toward the care that they object to, so that is why i see it as an appropriate or a well intentioned and well functioning agreement. the money goes from women's pockets to the insurance that they are part of. while there may be other folks who are a part of the same insurance plans to disagree, that happens a lot of ways. i may disagree with someone else's health care choices. i'm sure there are folks on insurance plans to double even blood transfusions, but part of being part of an insurance plan is that we are all putting your money in and we are trusting that it will be medical treatment that is prescribed by doctors for that person and that we recognize and honor each other's choices about our own health care decisions. >> the institution does not seem to get a choice. thank you. >> thank you. that is all that we really have time for this evening. i'm sorry. i know how, you know, emotional the
why i see that as not really much -- >> might taxes pay for an awful lot of things that i opposed. [applause] >> just to be clear, the position is that the institution's money does not go toward the care that they object to, so that is why i see it as an appropriate or a well intentioned and well functioning agreement. the money goes from women's pockets to the insurance that they are part of. while there may be other folks who are a part of the same insurance plans to disagree,...
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for the tax experts. that scares away small and larger size businesses from coming to california. >> absolutely. that was going to be my next question, to what degree are businesses slashing individuals leaving your state right now? >> we don't see a huge exodus but what we are concerned about is that businesses that are existing here in the state, they're growing elsewhere. we want those jobs, we want those sales activity, we want the research and development attached to that company happening here in california. >> let's bring madelyn in. >> in terms of the gas spike hurting small businesses, madelyn is the president and owner of marie's italian kitchen. which is a chain of ten italian restaurants throughout southern california. madelyn, i want to -- okay. i want to ask you first of all how the gas price spike is hurting the customers that come to your chain. >> well, we haven't really -- i don't think all of our kwus mers ha customers have been affected by it yet because many haven't gone to the pump t
for the tax experts. that scares away small and larger size businesses from coming to california. >> absolutely. that was going to be my next question, to what degree are businesses slashing individuals leaving your state right now? >> we don't see a huge exodus but what we are concerned about is that businesses that are existing here in the state, they're growing elsewhere. we want those jobs, we want those sales activity, we want the research and development attached to that...
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senate and accused governor romney of not paying taxes for ten years. last week, nancy pelosi implied that there was no security at the embassy in libya was because the republicans had employed cuts in that area. they understand the economy is not helpful to them. i would remind the governor that the republican congress has spent many, many job creating bills to the democratically controlled senate and harry reid has refused to let them get to voted on. >> governor romney, the consensus is he came out ahead in the debates. do you think he's going to be able to sustain that momentum? has he energized the base? >> he's clearly energized the base. i was just in denver speaking to a conservative group there. i've been doing some women for romney events. people are clearly very fired up. what they saw was a fantastic debate performance by governor romney. what they also saw was a contrast between someone and governor romney who understand the fooacts and could relate th to every day people's lives. president obama, it wasn't just that his performance was lis
senate and accused governor romney of not paying taxes for ten years. last week, nancy pelosi implied that there was no security at the embassy in libya was because the republicans had employed cuts in that area. they understand the economy is not helpful to them. i would remind the governor that the republican congress has spent many, many job creating bills to the democratically controlled senate and harry reid has refused to let them get to voted on. >> governor romney, the consensus...
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Oct 10, 2012
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versus the capital gains tax. if the dividend tax becomes higher than the capital gains tax, it might pay to sell your stocks and get your income from selling 5% of the corpus of your portfolio as opposed to taking a 5% dividend. these are the type of issues i think people aren't really thinking about when it comes to the changes in the tax laws and what should we do. we're all just searching for income. it may be you want to take capital gains. >> i do think a lot of these questions are going to be head winds for the market. i think, you know, overall when you do have a lot of this uncertainty about how are my investments going to be treated, i think you can see a lot of people just start to pull money off the table, except maybe where you see companies that are actually showing some enthusiasm that we see a possible pattern. >> if i could point out the alternatives here, guys. we didn't talk about buying back stock. there's evidence that may be a very effective investment strategy as well. i know this has been a
versus the capital gains tax. if the dividend tax becomes higher than the capital gains tax, it might pay to sell your stocks and get your income from selling 5% of the corpus of your portfolio as opposed to taking a 5% dividend. these are the type of issues i think people aren't really thinking about when it comes to the changes in the tax laws and what should we do. we're all just searching for income. it may be you want to take capital gains. >> i do think a lot of these questions are...
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calling a tax on g.d.p. . well it's rather simple really if you have ten thousand units of production in an economy and ten thousand units of credit or currency and the government comes along and says ok we're going to deficit spend so we're going to put another thousand units into there then the value of all of the units of credit in currency that currently exists go down by that amount so this is exactly identical from a functional standpoint as if the i.r.s. man showed up on down your door. and so give me ten percent of everything you have . unfortunately that would be very unpopular if you were to turn around and tell the american public oh guess what your taxes are not going up ten percent of what you currently pay they're going up by ten percent of your income and the tax on everything that you produce as a company is going up by ten percent of your production and yet that is essentially what's been going on now for the last four years and so when we look at why we haven't seen job growth and economic re
calling a tax on g.d.p. . well it's rather simple really if you have ten thousand units of production in an economy and ten thousand units of credit or currency and the government comes along and says ok we're going to deficit spend so we're going to put another thousand units into there then the value of all of the units of credit in currency that currently exists go down by that amount so this is exactly identical from a functional standpoint as if the i.r.s. man showed up on down your door....
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Oct 9, 2012
10/12
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the events triggered by inaction rather not renewal of the bush tax cuts or reduction in spending it is a variety of things. >> thanks for that fascinating report. when you stress test your portfolio what is a scenario that you are most concerned about? >> the scenario is about improving economic growth. that is the one thing that nobody is testing for. that is a risk. upside. absolutely. that is a risk. if it is a risk that you can test for and you know about it how is it a risk? if there is a bubble out there in this market is the bubble that everything is going to fall apart. if every bank knows all the scenarios they should never lose money again. >> you ask about testing several things. what about when you throw in every bank going through the same crisis at the same time. >> if one bank has that problem -- >> i could never. >>> coming up next one of our traders is going to fuel your portfolio. stick around for the trade of the day right after this break. >>> welcome back to fast. we are live in times square. we have an update on verifone. you have been short. >> i continue to b
the events triggered by inaction rather not renewal of the bush tax cuts or reduction in spending it is a variety of things. >> thanks for that fascinating report. when you stress test your portfolio what is a scenario that you are most concerned about? >> the scenario is about improving economic growth. that is the one thing that nobody is testing for. that is a risk. upside. absolutely. that is a risk. if it is a risk that you can test for and you know about it how is it a risk?...
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Oct 10, 2012
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tax act is in different market. it is in the consumer do it yourself in the tax preparation software business. we're excited about both businesses. david: blucora has had quite a history. it survived the dot-com bust, reinventing several times. looks like it is sort of reinventing itself this time getting involved in a very competitive field. going up against turbotax, h&r block. you succeeded before. how difficult is it to redefine where the company is going? >> well, certainly the, infospace history is one that dates back to the mid-'90s in terms of the company forming and later going public and through the course of its history it has own ad number of different businesses all having common charactertics in that they're become online and digital markets. more recently, as you mentioned we acquired tax act and announced that earlier this year. it is a wonderful business that's focused, we discussed in the tax preparation software business, really focusing on consumer empowerment and providing tools for individual t
tax act is in different market. it is in the consumer do it yourself in the tax preparation software business. we're excited about both businesses. david: blucora has had quite a history. it survived the dot-com bust, reinventing several times. looks like it is sort of reinventing itself this time getting involved in a very competitive field. going up against turbotax, h&r block. you succeeded before. how difficult is it to redefine where the company is going? >> well, certainly the,...
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for a tax cut. connell: peter barnes has all his marbles in d.c. today. thanks. dagen: not really. we love you. they're not quite all there. connell: that's not right. you should be the one to talk. dagen: that's why i said that. peter, we do love you. it says connell read. connell: i love that name, two ns and two ls. the protesters are out in greece today over all the cutbacks in the government. they don't like merkel and everything else. we will bring you the latest from greece. dagen: back here at home, the keystone pipeline is back in the national spotlight thanks to the romney campaign. cheaper fuel, more jobs, are all in place here. take a look at today's winners on the s&p 500: dagen: cheaper energy and more jobs, the romney ryan camp putting the keystone pipeline back in the national spotlight. we track all of our money that is going to the solar panel industry in china. and that ominous dark cloud hanging overhead, not connell, was expected to be a lousy season for quarterly earnings. some
for a tax cut. connell: peter barnes has all his marbles in d.c. today. thanks. dagen: not really. we love you. they're not quite all there. connell: that's not right. you should be the one to talk. dagen: that's why i said that. peter, we do love you. it says connell read. connell: i love that name, two ns and two ls. the protesters are out in greece today over all the cutbacks in the government. they don't like merkel and everything else. we will bring you the latest from greece. dagen: back...
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Oct 3, 2012
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well, the mayor says she found money from taxes and tickets from the grand prix, so for now truck 10 will be staying open. >>> police said it wasn't their fault, witnesses say it was murder and now a medical examiner's report is out calling the death of an east baltimore man a homicide. let's go now to sherree johnson who is live this morning with the latest details on this report. sheree. >>reporter: injuries for anthony anderson, you know, from rib injuries, fractured ribs, injuries to his spleen and internal bleeding. this morning three baltimore city police officers remain on paid leave. this incident happened on september 21st. anderson's family says he came out of a bar on east bidle street when he was confronted by police officers. his mother, son, daughter and 2- year-old granddaughter were there. initially police said that anderson tried to swallow drugs. police would not speak on camera, but they confirmed drugs were not a factor in anderson's death. >> it was told to us that they laughed and thought it was funny and when they were told that tony was complaining of hurting,
well, the mayor says she found money from taxes and tickets from the grand prix, so for now truck 10 will be staying open. >>> police said it wasn't their fault, witnesses say it was murder and now a medical examiner's report is out calling the death of an east baltimore man a homicide. let's go now to sherree johnson who is live this morning with the latest details on this report. sheree. >>reporter: injuries for anthony anderson, you know, from rib injuries, fractured ribs,...
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when you take that with state income tax and payroll tax and real-estate taxes and gasoline taxes, all together that means small business that are highly successful will end up giving more of what they have the government. that will kill jobs. i do not want to kill jobs. my priority is to create jobs, and i will do that with everything i can do. we can do better. we do not have to stay on the path we have been on. there was a report that came out this morning on job creation this last month. there were fewer new jobs created this month than last month. the unemployment rate has come down very slowly, but it has come down nonetheless. the reason it has come down this year is due to the fact that more and more people have just stopped looking for work. if you drop out of the workforce, give up and say i cannot go back to work, i will stay home, if you drop out altogether, you're no longer part of the statistics. it looks like unemployment is getting better, but if the same share of people were participating in the workforce today as on day the president got elected, unemployment would be
when you take that with state income tax and payroll tax and real-estate taxes and gasoline taxes, all together that means small business that are highly successful will end up giving more of what they have the government. that will kill jobs. i do not want to kill jobs. my priority is to create jobs, and i will do that with everything i can do. we can do better. we do not have to stay on the path we have been on. there was a report that came out this morning on job creation this last month....
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Oct 5, 2012
10/12
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and so, of course he's in favor of higher taxes. yesterday the vice president blurted out the truth. he said in fact they do want to raise taxes a trillion dollars. i don't want to raise tax on any americans because i want to create good jobs in america. now, i take america in a very different direction. first of all i want to make sure that our policies encourage job growth and i have five things i'll do, you've heard me describe them time and again. but five things i'll do that will get jobs growing in this country again and growing right here in this part of virginia as well because number one on my list is to take full advantage of all our energy resources, our oil, coal, gas, our nuclear, our renewables. and i know you care a lot more about coal than the other ones i mention sod let me remind you that when the president was running for office, he said that if you built a new coal fire plant why you go bankrupt. and the head of the epa has also said that the regulations on burning coal are now so stringent it's virtually impossi
and so, of course he's in favor of higher taxes. yesterday the vice president blurted out the truth. he said in fact they do want to raise taxes a trillion dollars. i don't want to raise tax on any americans because i want to create good jobs in america. now, i take america in a very different direction. first of all i want to make sure that our policies encourage job growth and i have five things i'll do, you've heard me describe them time and again. but five things i'll do that will get jobs...
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Oct 2, 2012
10/12
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we're talking about the bush era tax cuts going away, the social security tax payroll cuts, which are making your payroll checks a little fatter every week or every two weeks. but this isn't something that just affects poor people. they're getting hit, they're losing their credit. it also affects wealthy people. they're really getting slammed. 20% increase on the dividends. capital gains are going up. it's just an across-the-board everyone gets hurt kind of nightmare. congress says it wants to fix it, but how. that, jon, is the big question mark. >> brian mooar, we will keep a close eye on that one. thank you very much. >>> it all goes hand in hand as we look at decision 2012. president barack obama, republican presidential candidate mitt romney taking the day off from the campaign trail to prepare for tomorrow's big showdown. it's the first of three debates that will take place in denver. both president obama and mitt romney running through full rehearsals to hone in on those talking points. as of this morning president obama has a lead in all nine of the key battleground states. bot
we're talking about the bush era tax cuts going away, the social security tax payroll cuts, which are making your payroll checks a little fatter every week or every two weeks. but this isn't something that just affects poor people. they're getting hit, they're losing their credit. it also affects wealthy people. they're really getting slammed. 20% increase on the dividends. capital gains are going up. it's just an across-the-board everyone gets hurt kind of nightmare. congress says it wants to...
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its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a governor. john: already the honduran legislature passed the bill authorizing the general principles 126-1. they are behind it. >> incredibly popular. congress realizes the best hope for prosperity is to create a special development regions. model that the special development regions that have been so spectacularly successful in china which has cities scale special development regions. also dubai which had 110-acre region that had its own legal system that imported british common law "by international financial center which resulted in billions of dollars of capital flowing in and one of the greatest fin
its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a...
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Oct 3, 2012
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you'll obviously have to pay your taxes and fees which as we well know, sometimes can be more in total than the price of the ticket itself by the time you pay maybe $100 at the gate for checking in your bag, plus various other things like a sandwich. >> is that vote for people you don't want to win? because if your candidate loses -- >> if the other guy wins -- if i'm a huge obama supporter, romney wins, i might be eligible to -- >> i think at the end of the day, it is supposed to be fun. >> let me correct you. there is nothing about flying that is fun especially when you're over 5'0" tall. or $6 6'0". >>> pretty remarkable run in the home builder stocks today, mandy. "wall street journal" article discussing the dampened momentum in the apartment rental market may be partly a function of the rebound that we're seeing in housing demands. that's the silver lining to the story. take a look at some of those home builder stocks moving higher today. >> cool. seema, thank you. >>> we've got a great feel-good story about a guy's amazing second chance in the show. that's coming up next in the s
you'll obviously have to pay your taxes and fees which as we well know, sometimes can be more in total than the price of the ticket itself by the time you pay maybe $100 at the gate for checking in your bag, plus various other things like a sandwich. >> is that vote for people you don't want to win? because if your candidate loses -- >> if the other guy wins -- if i'm a huge obama supporter, romney wins, i might be eligible to -- >> i think at the end of the day, it is...
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get 20,000 additional people to go to the game, they will buy a lot of food and beverage which sales tax will come to the city of oakland. >>> let's go oakland has 52,000 followers on its facebook page. they say they have no plans to remove the tarps for the division playoffs. >> cincinnati and san francisco has placed a wager on the games at at&t park. san francisco mayor and cincinnati mayor have agreed the losing city will host a cook off fund-raiser to benefit the winning seasons sports program. as for yesterday's wildcard games, larry beil has the story in this morning's sports. >> good morning, here is the problem with the one-game playoff. you play 162 games, you get one chance and an umpire blows a call that kills you, it happened in the braves game last night. you like this. molina with a drive to right. jason hayward fighting the sun back to the wall and makes the catch. spectacular concentration. down to the sixth, former a matt halliday, 4-2 cardinals. meltdown in the 8th. short stop going out on this pop-up. halliday comes in and ball drops and infield fly and the batter is
get 20,000 additional people to go to the game, they will buy a lot of food and beverage which sales tax will come to the city of oakland. >>> let's go oakland has 52,000 followers on its facebook page. they say they have no plans to remove the tarps for the division playoffs. >> cincinnati and san francisco has placed a wager on the games at at&t park. san francisco mayor and cincinnati mayor have agreed the losing city will host a cook off fund-raiser to benefit the winning...
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Oct 10, 2012
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professors say greenback graduates would be more likely to land jobs, pay taxes and save findings. >> we looked at the debate and saw that there was not much out there on the cost and benefits of the dream act as a benefit. >> she calls the report bogus. it is based on numbers. it will appear on the ballot as question 4. on a medical alert this morning, state health officials said the number of final magic is cases is on the rise. and as for the reduce statistics released by the cbc, sitting in a similar increase nationwide. jennifer franciotti is live outside the state health department with a more details. what are officials say and? >> a they are saying this is related to the contaminated steroid shots to relieve back pain. according to the cdc, of breaks reported in 10 states including maryland. 119 cases including one fatality. health officials believe the contaminated medicine was made by the new england, having center in massachusetts and then shipped to 23 states. final meningitis is the most rare over three types of meningitis infections. court's it is an intermission time of
professors say greenback graduates would be more likely to land jobs, pay taxes and save findings. >> we looked at the debate and saw that there was not much out there on the cost and benefits of the dream act as a benefit. >> she calls the report bogus. it is based on numbers. it will appear on the ballot as question 4. on a medical alert this morning, state health officials said the number of final magic is cases is on the rise. and as for the reduce statistics released by the...
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Oct 8, 2012
10/12
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going back to tax. your premise is that people are making a decision between -- even i income people who, you know, are certainly high income people consume that you were saying they are making the choices about investment versus consumption, based on taxes. i sort of imagine, i'm a, not sure how rich were talking about but at some point you of certain level of wealth, it seems to me people kind of by what they want and then they invest the rest. but you are saying you think actually that they buy more if tax rates were higher. you think i would have an important impact. >> guest: all the time i take the point it takes a lot. yes, i think, yes, but i would say it compounds gradually over time into the point where what you want, i think what is lost in this equation is how do you really get rich as an investment. you satisfy customers. customers are what makes you rich. they say you're the guy who is satisfy my needs, not that guy over there who is not getting rich. so what you really want, talent people
going back to tax. your premise is that people are making a decision between -- even i income people who, you know, are certainly high income people consume that you were saying they are making the choices about investment versus consumption, based on taxes. i sort of imagine, i'm a, not sure how rich were talking about but at some point you of certain level of wealth, it seems to me people kind of by what they want and then they invest the rest. but you are saying you think actually that they...
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Oct 8, 2012
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they get jobs, they get tax revenue and they have a casino on a property that was actually abandoned. the question we want to ask on "fast money," what's in it for pen national gaming, ticker pnn. they had had to pay a $50 million license fee. $400 million to get in here. 53% of their revenues, that's their tax rate, yet they're here and they're happy about it. >> we think we're going to make a nice living here in central ohio. as i said before, there are only two casinos here serving 1.5 million people. as we look at the metrics and do the market analysis, we think this is going to be a very good return for our shareholders. >> reporter: this is the third ohio casino open in the last year. penn owns one, caesars owns another and will open one in cincinnati next spring. pen market cap around $3 billion. czr, one-third of that size. they're obviously competing for these non-traditional markets in this country. if you think vegas and macao are positive trades, take a look. there's valley technologies and wms industries, third is aristocrat out of australia. he he said that space is so c
they get jobs, they get tax revenue and they have a casino on a property that was actually abandoned. the question we want to ask on "fast money," what's in it for pen national gaming, ticker pnn. they had had to pay a $50 million license fee. $400 million to get in here. 53% of their revenues, that's their tax rate, yet they're here and they're happy about it. >> we think we're going to make a nice living here in central ohio. as i said before, there are only two casinos here...
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i ok at this story and that thing, this sounds like a tax to me. >> not only is it a tax, it does not take into account -- it does not seem to take into account the things that should. it is a pretty blanket statement. rea missions are extremely complex, and there is absolutely nothing in these reports that i have read that tlks about the patient and of the equation. what are the issues that are happening on the user and? and those have to be discussed among but i suppose that we don't want to discuss those things in an election year. gerri: and also, it begs the question, are you taking power out of the hands of the doctors and hospitals to back to busty making these decisions about care. i don't think so. a lot of things occur in the admission process, and smart hospitals, good hospitals are getting on top of this. for instance, in our community we have hospital in plano, texas. texas health resources. there is a group of really hard-core nurses and anybody who is a physician knows when talking about. you don't mess with these ladies. they have taken the bull by the horns and transf
i ok at this story and that thing, this sounds like a tax to me. >> not only is it a tax, it does not take into account -- it does not seem to take into account the things that should. it is a pretty blanket statement. rea missions are extremely complex, and there is absolutely nothing in these reports that i have read that tlks about the patient and of the equation. what are the issues that are happening on the user and? and those have to be discussed among but i suppose that we don't...